When you go into a store and swipe your card to pay for the purchase, the last thing you want is for the transaction to be declined. Not only is it embarrassing, but you run the risk of your bank charging you fees. Banks and other financial institutions use a number of terms to denote various transactions and fees. One term you should familiarize yourself with is the POS decline fee.
Tara Thomas has been a writer and traveler since 1997. Her articles appear in various online publications. She also has experience authoring grant proposals for a Southern California marine science laboratory, which helped her develop a…
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